Astra allocates US$145 million for expansion

Bisnis.com,06 Jun 2011, 12:09 WIB

JAKARTA: PT Astra International Tbk, Indonesias giant automotive company, allocates US$145 million loans as standby fund to expand its business.Such fund was still existed in the companys cash and hasnt been used, Astra Internationals spokesperson Yulian Warman said.We havent use the loan since its stored as reserve fund if needed to expand our business, he added.PT Astra Daihatsu Motor, a company under Astra International, didnt use such loan fund to build plant worth IDR2.1 trillion.Previously, Astra International grabs US$145 million loans from Mizuho Corporate Bank Ltd (Singapore), DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (Singapore), and PT ANZ Panin Bank. (api)(t06/msw)

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